This private prospectus was developed by Deutsche Banc Alex. Brown in 2000 for those who could invest a $1-million minimum in Bain Capital funds. It includes the investment history of Bain Capital from 1984 through 1999, most of the years that Romney ran the firm. After obtaining the prospectus, the Los Angeles Times asked Stanford University economics lecturer Alex Gould to review and interpret the document. Gould is a research fellow at the Stanford Institute for Economic Policy Research and has experience in the world of private equity and venture capital investing. The prospectus, annotated with his comments, appears below.
For an academic perspective on how private equity creates economic value, read 'Private Equity and Employment.' (Unofficial mirror of http://www.documentcloud.org/documents/270240-db-prospectus.html)